[quote=Adebisi]If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.[/quote]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. At the end of the day, you have to make your own calculation and prediction. You’re basically paying more to have an option to walk away just in case the market tank and wipe out your down payment (less down payment w/ FHA).
